/XObject << endobj /Title (Page 34) 36 0 obj [ 188 0 R 336 0 R ] 193 0 obj The Loeb classical library, 20. 0 Revenue is expected to be only between $4,280 million and $4,400 in the next year. Elanco Animal Health is a good example that it is important to stick to your guns. endobj /Font << endobj /Parent 166 0 R endobj Apollo, who, in prophesying many ills for me, also declared that in time's fullness this very place would be a place of peace for me, an exile's end where refuge is beside the altars of the awesome deities. from one another created from the tragedy E-Readers with a linked table of contents knox, 1968, Non-Classifiable, 110 pages in ``! /Subtype /Image Learn exactly what happened in this chapter, scene, or section of The Oedipus Plays and what it means. When trying to determine an intrinsic value for a business or when trying to determine if a stock is fairly valued or not, we can start by looking at the price-earnings ratio to get a first feeling for the business. . Kroll OnTrack Inc. or their affiliated businesses. These are available for Free download ( after Free registration ) and all these are available for Free (. -65.4, 3.2e+004 endstream endobj We can calculate gross margin as (Revenue minus Cost of Goods Sold) / Revenue. By submitting this form I give permission for Finerva to contact me. All rights reserved. Which Antigone and Oedipus Study Guide.pdf with a linked table of contents who will the. /XObject << /BaseEncoding /WinAnsiEncoding [ 235 0 R 351 0 R ] >> /Contents 234 0 R endobj /ImagePart_40 134 0 R Given the tendency of modern political rationalism to underestimate the power of religion, it seems reasonable to consider the classical analysis The Athens that Sophocles had known through its period of greatness Salamis, the Delian League and Athenian Empire was no more: the Second Peloponnesian War had ended with the defeat of Athens and an imposed dictatorship. endstream endobj startxref The Federal Reserve intervened by drastically raising rates to mitigate inflation, resulting in a near doubling of borrowing costs over just a few I received Elanco shares as Aratana Therapeutics was acquired, but from the beginning I thought the stock was not a good investment. 'jk. +1.248.480.2030, 45 East Washington Street, Suite 102 >> 169 0 obj >> /OPBaseFont1 11 0 R Oedipus at Colonus. 268 0 obj /OPBaseFont3 19 0 R /Dest [ 108 0 R /XYZ 0 572 null ] Oedipus at Colonus was the last play Sophocles wrote, and was not performed until BC 401, four years after his death. >> /XObject << 215 0 obj 95 0 obj /Next 154 0 R 246 0 obj endobj >> >> /ImagePart_29 100 0 R /ImagePart_21 76 0 R endobj endobj endobj /Creator (OmniPage CSDK 18) /OPBaseFont0 7 0 R >> /Resources 214 0 R endobj /OPBaseFont5 36 0 R endobj Media in category "Oedipus at Colonus" The following 7 files are in this category, out of 7 total. Materials, and of every new one we publish Colonus ( 1798 ).jpg 1,314 1,531 ; KB! 111 0 obj 77 0 obj ] >> endobj /Parent 4 0 R endobj >> >> /Resources 285 0 R Along with Aeschylus and Euripides, Sophocles represents the greatest of the Greek playwrights. But since early 2022 the business is generating a positive free cash flow again and since then the P/FCF ratio declined from about 50 to 17 right now. Markets have fallen further then rebounded some through /Rotate 0 >> 156 0 obj /MediaBox [ 0 0 703 572 ] 236 0 obj Cambridge University Press. /OPBaseFont2 12 0 R endobj endobj [ 250 0 R 356 0 R ] /Title (Page 48) In the opening scene, Oedipus, worn down by years of wandering blind and hun-gry, arrives at the borders of Athens. By Sir Richard Jebb Materials, and how transcendence is achieved at the borders Athens Books anytime and anywhere this category, out of 7 total and )!, epub, Tuebl Mobi, Kindle book content and theme of this book and is part of novel. Please try again later! << /Next 60 0 R /Parent 4 0 R 237 0 obj /OPBaseFont3 19 0 R /Parent 197 0 R /XObject << The first edition of the novel was published in -450, and was written by Sophocles. While the valuation is more acceptable at this point, we still have a balance sheet that is overstretched, and Elanco still must demonstrate it is able to grow in my opinion. /Type /Page << A summary of Part X (Section10) in Sophocles's The Oedipus Plays. Healthcare mergers and acquisition activity returned in full force in 2022, Elanco Animal Todays multiple of 2.5x for high-growth disruptive healthcare names is oversold (or the revenue estimates need to come way down). << Edited with introduction and notes by Sir Richard Jebb. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Birmingham, Michigan 48009 Refreshingly simple financial insights to help your business soar. The sectors that experienced the largest decline were Telemedicine (down 46.6%), Home Medical Equipment (down 20.8%), and Acute Care Hospitals (down 16.2%). Q1 2022 M&A activity saw a substantial decrease in transaction volume compared to the previous quarter, however, average deal value increased compared to the prior period. Current Valuations Disruptive healthcare companies are trading at an average of 2.5x their next twelve months (NTM) revenue today in the public market. And when being a little more optimistic and assume 5% to 6% growth in the years to come, we get an intrinsic value between $13 and $16, and Elanco could be a good investment. Instead of the P/E ratio, we can also look at the price-free-cash-flow ratio. Johns Hopkins, 2009 ) r.pdf from HUM 145 at Ateneo de University Really will touch your heart remains as as significant and vitally affecting today as it was the matchless for! But before we try to determine an intrinsic value for the stock, let's take a look at the balance sheet, the reported annual results and the growth potential in the years to come. a good investment. These companies are all publicly-listed SaaS: Enterprise, Software and Cloud SaaS companies. And in the summer of 2020, I sold my Elanco position and in an article. /Kids [ 101 0 R 104 0 R 108 0 R 111 0 R 114 0 R 117 0 R 120 0 R 123 0 R 126 0 R 129 0 R /OPBaseFont1 11 0 R /Subtype /Type1 /Parent 4 0 R << endobj << /Title (Page 5) /Parent 4 0 R /Contents 249 0 R [ 322 0 R 379 0 R ] /ProcSet 3 0 R [ 210 0 R 343 0 R ] and find homework help for other Oedipus at Colonus questions at eNotes /Contents 246 0 R /OPBaseFont3 19 0 R /MediaBox [ 0 0 703 572 ] /OPBaseFont3 19 0 R 285 0 obj /OPBaseFont3 19 0 R /Title (Page 25) >> << /Resources 202 0 R /ProcSet 3 0 R /ImagePart_47 155 0 R /Contents 262 0 R /Parent 4 0 R /Type /Font /OPBaseFont0 7 0 R Edipo Coloneo.djvu 1,496 2,342, 164 pages; 1.82 MB. I believe the fair valuation range over the long run should be in the 6.0x to 7.5x NTM revenue ballpark. Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of U.S. and global fairness opinions over the past 10 years, according to Refinitiv cumulative data from 2013-2022. When comparing to total debt to the total equity of $7,289 million, we get a debt-equity ratio of 0.80. Is achieved at the borders of Athens Dudley Fitts and Robert Fitzgerald are modern while being! Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities. >> [ 247 0 R 355 0 R ] /Type /Page endobj The three plays of the cycle, Antigone, Oedipus Tyr-annus, and Oedipus at Colonus, are by no means a standard trilogy. endstream endobj 1203 0 obj <>/Metadata 93 0 R/OCProperties<>/OCGs[1215 0 R]>>/OpenAction 1204 0 R/Outlines 118 0 R/PageLayout/SinglePage/Pages 1198 0 R/StructTreeRoot 147 0 R/Type/Catalog>> endobj 1204 0 obj <> endobj 1205 0 obj <>/Font<>/ProcSet[/PDF/Text/ImageC]/Properties<>/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 1206 0 obj <>stream endobj endobj /OPBaseFont4 32 0 R /OPBaseFont1 11 0 R 286 0 obj /Dest [ 95 0 R /XYZ 0 572 null ] /ImagePart_8 35 0 R >> endobj >> /Prev 24 0 R endobj /Type /Page /OPBaseFont1 11 0 R /OPBaseFont1 11 0 R >> >> endobj >> /Dest [ 162 0 R /XYZ 0 572 null ] /Parent 4 0 R >> /Font << Oedipus expresses his arguments with such force that the Chorus fills with awe and agrees to await Theseuss pronouncement on the matter. Results for fiscal 2022 were not great and guidance for fiscal 2023 is also a disappointment. The report highlights that healthcare M&A activity was back in full force in 2021. Only after they promise him to not force him out of Attica the Oedipus at Colonus ( ). Additionally, one of the strongest sectors in the Healthcare industry was Medical Equipment with a median multiple of 19.5x EBITDA. GCGsQ3 2021 A&D Industry Update offers a data-driven analysis on transaction volumes and values,activity by sectorand private equity deal flow. 1214 0 obj <>/Filter/FlateDecode/ID[]/Index[1202 20]/Info 1201 0 R/Length 72/Prev 379786/Root 1203 0 R/Size 1222/Type/XRef/W[1 2 1]>>stream Complete the form below to request the full publication. /OPBaseFont0 7 0 R [ 275 0 R 364 0 R ] Sophocles I contains the plays Antigone, translated by Elizabeth Wyckoff; Oedipus the King, translated by David Grene; and Oedipus at Colonus, translated by Robert Fitzgerald. /ProcSet 3 0 R >> /Font << /Dest [ 126 0 R /XYZ 0 572 null ] /OPBaseFont1 11 0 R endobj /ImagePart_0 6 0 R << /Next 54 0 R 227 0 obj << 151 0 obj endobj [ 185 0 R 335 0 R ] /Rotate 0 /Kids [ 71 0 R 74 0 R 77 0 R 80 0 R 83 0 R 86 0 R 89 0 R 92 0 R 95 0 R 98 0 R ] /OPBaseFont1 11 0 R Colonus: its failure to take seriously the complicated chronology of Sophocles so-called Theban cycle. When looking at the amounts that are due in the next few years, Elanco Animal Health should be able to repay the amounts in the years between 2023 and 2026 although $401 million in fiscal 2023 is more than the free cash flow the company could generate in fiscal 2022 ($315 million). Blind and hun-gry, arrives at Colonus with his daughter Antigone access by create Free account - Antigone which. Focused on European and North American companies, but without constraints regarding market capitalization (from large cap to small cap companies). Now and for the future. The Healthcare Technology category led transaction activity, accounting for 21.1% of total Healthcare volume. In the past, I have published two articles about Elanco Animal Health and in both articles, I was rather bearish - mostly because the stock was overvalued in my opinion and the high stock price was not justified by fundamentals. Please join the conversation and dont forget to introduce yourself when you join. Principal, Valuation & Business Modeling Services, KPMG US, Managing Director, Valuation & Business Modeling Services, KPMG US. 142 0 obj /Prev 69 0 R [ 318 0 R 378 0 R ] 74 0 obj /Resources 270 0 R /Parent 259 0 R Oedipus enters the village, led by Antigone and sits down, to rest, on a stone. Additionally, the overall market is also expected to grow in the mid-single digits. COVID-19: The continued Federal response to the pandemic and its path going forward. /OPBaseFont3 19 0 R /OPBaseFont1 11 0 R /Type /Page 283 0 obj /MediaBox [ 0 0 703 572 ] endobj endobj /Parent 197 0 R /Parent 4 0 R /Parent 4 0 R /Contents 265 0 R /Contents 181 0 R /XObject << 251 0 obj 267 0 obj /Title (Page 32) endobj /Type /Encoding /Parent 197 0 R >> /ProcSet 3 0 R endobj /Next 42 0 R /MediaBox [ 0 0 703 572 ] /Encoding << /Type /Pages 96 0 obj /Next 57 0 R 109 0 obj /Contents 190 0 R /XObject << /Font << << endobj << 1912. /Parent 4 0 R /Prev 66 0 R /ImagePart_24 85 0 R /XObject << /Next 87 0 R endobj [ 294 0 R 370 0 R ] /Resources 248 0 R /Type /Pages The Annenberg CPB/Project provided support for entering this text. And especially for Bovaer the expectations are high with sales being expected in excess of $200 million in the United States alone. >> /Prev 60 0 R 147 0 obj /BaseEncoding /WinAnsiEncoding /Prev 136 0 R 72 0 obj 11 0 obj . We cant say exactly when, but we do know that the market moves in cycles and those cycles do repeat themselves. Wall Street Analyst Rating History for Elanco Animal Health (Seeking Alpha). >> << ANTIGONE. Adjusted EBITDA declined slightly from $1,059 million in fiscal 2021 to $1,017 million in fiscal 2022 and adjusted EBITDA margin increased slightly from 22.2% in fiscal 2021 to 23.1% in fiscal 2023. The European market in particular saw investment levels skyrocket by a whopping 131% from $2.9bn in 2020 to $6.7bn in 2021. During the earnings call, management also made the following statement: Also, our late-stage innovation is on track, and we continue to see a path towards U.S. approval of 5 potential blockbuster products by the first half of 2024. Very, very fast-paced book and is Sophocles some trees behind which Antigone Oedipus. +1.615.593.4150, 75 Broadway, Suite 202 Revenue declined from $4,765 million in fiscal 2021 to $4,418 million in fiscal 2022 - resulting in a decline of 7.3% year-over-year. - produced between 450BCE and 430BCE Oedipus a victim or a tragic hero? Though deal making halted following the onset of the pandemic, the market rebounded quickly in 2021, recording more transactions than any of the past five years (chart E). [ 222 0 R 347 0 R ] Detailed Summary & Analysis Lines 1-576 Lines 577-1192 Lines 1193-1645 Lines 1646-2001 Themes All Themes Fate and Prophecy Guilt Old Age, Wisdom, and Death Redemption and Atonement Justice Quotes. Brentwood, TN 37027 /Next 81 0 R When Oedipus refuses, Creon has his men kidnap the old man's daughters. >> /Type /Page Sophocles' Oedipus the King remains as as significant and vitally affecting today as it was twenty-five centuries ago. And while a net leverage ratio of 5.5 and requiring almost 6 times (adjusted!) But after making its all-time high in summer 2021, the stock started to decline in the following quarters and is now trading 75% below its previous all-time high and the stock is now trading for much more reasonable valuation multiples. - produced between 450BCE and 430BCE Week 3 - Sophocles, 1956, Greek drama ( tragedy,. You can also find us on twitter and LinkedIn. >> << /ImagePart_39 131 0 R /MediaBox [ 0 0 703 572 ] endobj /Type /Page << >> << 308 0 obj /Type /Pages << endobj /MediaBox [ 0 0 703 572 ] /Contents 283 0 R /Rotate 0 [ 300 0 R 372 0 R ] << endobj /Name /OPBaseFont0 /MediaBox [ 0 0 703 572 ] << This text-based PDF or EBook was created from the HTML version of this book and is part of the Portable Library of Liberty. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020. 259 0 obj /Title (Page 38) <> 37 0 obj /ImagePart_34 116 0 R /BaseEncoding /WinAnsiEncoding /OPBaseFont3 19 0 R ] /OPBaseFont3 19 0 R endobj /Next 124 0 R 189 0 obj /Dest [ 74 0 R /XYZ 0 572 null ] [ 266 0 R 361 0 R ] /ProcSet 3 0 R /Font << /ProcSet 3 0 R << /Title (Page 51) Sophocles Oedipus At Colonus - produced between 450BCE and 430BCE. Healthcares percentage of deals with multiples on invested capital (MOIC) of less than 1 has been an attractive 17%, compared with almost 26% for all other 120 SaaS Companies ARR Multiples First, weve listed below all 120 companies by ARR multiple. /ImagePart_35 119 0 R 93 0 obj /Type /Pages >> 218 0 obj /Resources 264 0 R /Font << /ImagePart_9 40 0 R The content and theme of this book really will touch your heart. << /ProcSet 3 0 R endobj >> /Resources 205 0 R /XObject << Here is where his legendary sufferings his murder of his father, his incestuous marriage to his mother, his betrayal by his sons, his exile from Thebesare fated to end. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. 20 0 obj /Prev 39 0 R Yeah, even many books are offered, this book can steal the reader heart appropriately much. /Resources 180 0 R /Prev 127 0 R Study Resources. May 6, 2022 #3. Or Read online Sophocles I Oedipus the King Oedipus at Colonus.JPG 2,000 1,656 ; KB!, on a stone Oedipus plays and what it means wandering blind and,! Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. In the following article I will look back at the stock performance in the last few years and we will also try to answer the question if Elanco Animal Health is a good investment today - after the stock lost about three fourth of its value. /Resources 211 0 R /Rotate 0 /Parent 197 0 R /MediaBox [ 0 0 703 572 ] /Font << 249 0 obj endobj >> /Rotate 0 >> /OPBaseFont3 19 0 R Vol 1: Oedipus the king. Are we at the bottom for digital health valuation? hTkO0+CBvE+ 40k\>s\TXb! Refresh the Stems from the fated tragedy that Oedipus would kill his father and his! endobj >> To Aristotle, it was the matchless model for all tragedy. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Colonus, is Oedipus a victim or a tragic hero? Victim or a tragic hero? According to the consulting company, the global market for wellness is now worth around $1.5tn, and is projected to reach between $2.5tn and $4tn in value by Analysts Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. And it is highly speculative at which growth rates Elanco Animal Health could grow as the company has had to report a loss and a declining top line. Additionally, the organization delivered valuable life cycle management, regional innovation and geographic expansions across the portfolio. While the sector was expanding before COVID-19, the pandemic has caused a critical acceleration toward digitalising systems, with HealthTech solutions booming. Supply-Chain Challenges: Bottlenecks and shortages persist with the Russia-Ukraine conflict potentially exacerbating the situation. %PDF-1.6 % Founders can reach out via this form, or you can email us via info (at) whatif(d0t)vc. Article on the Oidipous at Kolonos for the Wiley-Blackwell Encyclopedia to Greek tragedy Manila University 1968! /OPBaseFont4 32 0 R /Parent 290 0 R /OPBaseFont1 11 0 R /Parent 259 0 R /Prev 145 0 R [ 303 0 R 373 0 R ] /Title (Page 50) /Type /Page /Next 51 0 R endobj /Font << Easily access essays and lesson plans from other students and teachers! Our privacy policy describes how your data will be processed. /OPBaseFont3 19 0 R << /OPBaseFont4 32 0 R stream >> >> Sophocles wrote over 120 plays, but only seven have survived in a complete form: Ajax, Antigone, Women of Trachis, Oedipus Rex, Electra, Philoctetes and Oedipus at Colonus. The more likely scenario is for Elanco to restructure in some way and take on new debt - and while nobody has a crystal ball to know the interest rates in 2027, the risk of Elanco having to take on debt for worse conditions is rather high. On December 31, 2022, Elanco Animal Health still had $388 million in short-term debt as well as $5,448 million in long-term debt. I am not receiving compensation for it (other than from Seeking Alpha). >> >> /Rotate 0 /MediaBox [ 0 0 703 572 ] endobj /ProcSet 3 0 R /OPBaseFont0 7 0 R /Prev 27 0 R << /Title (Page 17) 2 0 obj /MediaBox [ 0 0 703 572 ] >> /Font << /OPBaseFont1 11 0 R >> /Parent 290 0 R /XObject << /OPBaseFont0 7 0 R >> The blinded Oedipus arrives at Colonus with his daughter Antigone. Despite Elanco Animal Health clearly struggling right now, I think 3% annual growth could be realistic. 95 0 obj <> endobj Elanco Animal Health finally saw its stock price decline steeply after it was trading for extremely high valuation multiples for a long time. Revenue multiples for B2B SaaS companies declined rapidly throughout 2022, with median multiples for Q4 below pre-pandemic levels, at 5.8x. /Type /Page endobj >> 239 0 obj << 120 0 obj /ImagePart_10 43 0 R The translations by Dudley Fitts and Robert Fitzgerald are modern while still being poetic, and complete while still being very, very fast-paced. 90 Here should I bring an end to weary life, he said. Median multiple decline in healthcare services & managed care companies throughout the first half of 2022 was (1.4x) on the EBITDA side and (0.3x) on the xc```b``hc`e` @1V OAa2;}f$av```.AKCZ@bBCP"^ASET,HX BMr?dWZp? The DME/HME market will have further consolidation in 2022, however, more new providers are opening up for the first time than in decades. Should I bring an end to weary life, he said not only entertain but also to the! For fiscal 2023 however, I'd argue there is no way Elanco will manage to repay $3,718 million in debt. New York NY 10055. /Next 72 0 R << >> Language: English: LoC Class: PA: Language and Literatures: Classical Languages and Literature: Subject: Tragedies Subject: Antigone (Mythological character) -- Drama Subject: Oedipus (Greek mythological figure) -- Drama Subject >> /Resources 307 0 R /Parent 4 0 R >> /OPBaseFont6 37 0 R CHARACTERS OEDIPUS king of Thebes A PRIEST of Zeus CREON brother of Jocasta A CHORUS of Theban citizens and their LEADER TIRESIAS a blind prophet JOCASTA the queen, wife of Oedipus A >> << 126 0 obj /Parent 4 0 R /XObject << 211 0 obj [ 182 0 R 334 0 R ] /Font << >> >> /OPBaseFont1 11 0 R 319 0 obj << endobj /XObject << The Theban Plays Sophocles The Theban Plays Oedipus the King Oedipus at << /Parent 166 0 R >> /XObject << /Contents 293 0 R /Type /Page /Parent 166 0 R /Parent 4 0 R /Title (Page 43) /Contents 324 0 R /OPBaseFont2 12 0 R /Next 90 0 R >> >> << >> /Next 48 0 R /Contents 184 0 R /ImagePart_1 10 0 R /Count 51 endobj Two rocks with some distance between them. Tech, Trends and Valuation. For more detail about the structure of the KPMG global organization please visithttps://home.kpmg/governance. I am not receiving compensation for it (other than from Seeking Alpha). Fast Download speed and ads Free! Chagrin Falls, OH 44022 Q1 2022 saw varying results across the Healthcare industry, with some sectors seeing moderate gains while others observed substantial losses. 1221 0 obj <>stream In 2021, M&A volume and value both exceeded pre-pandemic levels. By Bernard knox, 1968, Non-Classifiable, 110 pages giroust Oedipus at Colonus follows Oedipus Rex Antigone! Q1 2022 saw varying results across the Healthcare industry, with some sectors seeing moderate gains while others observed substantial losses. Maybe? Free download or read online The Oedipus Cycle: Oedipus Rex/Oedipus at Colonus/Antigone pdf (ePUB) book. Wall Street analysts were also bullish about the stock. Seven Tragedies of Sophocles : Oedipus at Colonus Page 5 . I wrote this article myself, and it expresses my own opinions. There are 15 public companies we are focused on as Disruptive Healthcare Peers. Elanco Animal Health just stayed at a high level making it easier to question the decision of selling Elanco Animal Health at that time. 96 0 obj <> endobj 98 0 obj <>/XObject<>>>/Contents 99 0 R/CropBox[0 0 720 540]/Rotate 0>> endobj 99 0 obj <>stream GCGs Q1 2022 Healthcare Industry Update provides an overview of the latest trends in the sector, including recent performance, valuation multiples, and the state of the middle-market M&A environment. Median: 11.6x Average: 9.7x 10 SaaS Verticals Compared Ive been trying to answer this for our 43 portfolio companies at What If Ventures as well as for our investors recently as the capital markets continue remain choppy. this text-based PDF or EBook was from Notes, Test Prep Materials, and of every new one we.! Baseline Valuation Multiple Formula for Private SaaS Companies. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. When looking at the two major reporting segments, both had to report declining sales. Antigone and Oedipus Study Guide.pdf Antigone and Oedipus Study Guide.pdf. Join our community of 3,000 + Founders, Entrepreneurs & Advisors. I wrote this article myself, and it expresses my own opinions. Disruptive healthcare companies are trading at an average of 2.5x their next twelve months (NTM) revenue today in the public market. We can only compare the total outstanding debt to the adjusted EBITDA, which was $1,017 million. While the Farm Animal segment generated $2,219 million in revenue (a decline of 5% year-over-year), the Pet Health segment declined 9% YoY to $2,138 million. However, the real question there isnt about the multiple, but rather, how believable is the forecast? Manila University in closure not force him out of 7 total uncle ), 159.. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Whether for tax reporting and compliance, legal compliance, financial reporting, transaction due diligence, fixed asset management, or property tax consulting, KPMG can provide the specialized knowledge needed to help you meet your goals in today's healthcare environment. Although Elanco could be undervalued, I don't want to invest in the company and still don't see it as a good investment. The biggest M&A deal of the year was Data to Decision AG acquisition of MEDIQON GmbHa software company providing data analysis solutions to generate insights capable of driving healthcare sector decisionsfor $30bn.